Treasury Secretary Janet Yellen says the U.S. will reach its borrowing limit Thursday, and that she will begin “extraordinary measures” to continue paying the country’s bills, measures that will avoid a default until around June. Congress has to agree to raise the debt limit to avoid a default.
Here & Now‘s Scott Tong speaks with NPR political correspondent Susan Davis about what happened in 2011 when the U.S. was hurtling towards a default but narrowly averted it.
This article was originally published on WBUR.org.
Copyright 2023 NPR. To see more, visit https://www.npr.org.